KIFS Financial Services Limited declared a final dividend of ₹1.55 per equity share for FY26 during its 31st annual general meeting held on September 29, 2026. This declaration, representing a 15.50% return on paid-up equity capital, was approved alongside the re-appointment of executive director Vimal Parmanand Khandwala.

Meeting proceedings and attendance

The meeting was held in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A proper quorum was present, including all directors, key managerial personnel, auditors, and the scrutinizer appointed by the company. Mr. Durgesh D. Soni, Company Secretary, presented the business items to the chairman.

Although several shareholders registered as speaker shareholders, none joined the meeting. The company stated that concerns from these registered participants would be addressed via email if required. Out of 1,505 total shareholders as on the record date of September 22, 2026, 15 shareholders attended the meeting through video conferencing.

Voting mechanism and resolutions

The company utilized the e-voting facility provided by National Securities Depository Limited for members to vote on the resolutions. Remote e-voting commenced on September 26, 2026, and concluded on September 28, 2026. Members participating in the meeting through VC/OAVM were also enabled to vote during the session. M/s. Yati Mittal & Associates served as the scrutinizer for the voting process.

The following ordinary resolutions were transacted:

Voting results breakdown

The scrutinizer's report detailed the voting patterns across promoter and public categories. Promoters and promoter group held 80,50,000 shares and voted entirely in favor. Public non-institutional investors held 27,28,000 shares, with 12,92,318 votes polled, all in favor. Public institutional investors held 40,000 shares but did not participate in voting.

Director profile and re-appointment details

Vimal Parmanand Khandwala (DIN: 00477768) was re-appointed as a director retiring by rotation under section 152 of the Companies Act, 2013. He is an executive director appointed since January 25, 2021. Khandwala is aged around 55 years and holds a commerce degree. He has over two decades of experience in stock broking, securities trading, fund management, hedging, and import-export business. His expertise covers primary and secondary markets, dealing with institutional and non-institutional clients, HNIs, derivatives, and arbitrage operations.

Khandwala is the brother of Rajesh Parmanand Khandwala, the company's Managing Director. The term of re-appointment is not applicable as he retires by rotation.

Post-meeting disclosures

The meeting concluded at 4:10 pm with a vote of thanks, though the e-voting facility remained open until 4:25 pm to accommodate shareholders. Detailed voting results, as prescribed by SEBI, will be submitted separately and made available on the company's website. This filing serves as compliance under regulation 30(6) of the SEBI LODR Regulations, 2015.

KIFS Financial Services has fixed September 22, 2026 as the record date for its 31st annual general meeting and the payment of a final dividend of ₹1.55 per equity share for FY26.

The company’s board recommended the dividend payout during its recent meeting. Shareholders holding shares on or before the record date will be eligible to receive the dividend, subject to approval at the AGM.

Key Dates and Voting Details

The register of members and share transfer books will remain closed from September 23, 2026 to September 29, 2026 (both days inclusive). This closure facilitates the AGM proceedings and dividend payment processing. Remote e-voting will open on September 26, 2026, and close on September 28, 2026.

Board Reappointment

Shareholders will vote on the reappointment of Mr. Vimal Parmanand Khandwala as a director retiring by rotation. He serves as an executive director and brings over two decades of experience in stock broking and fund management.

Financial Performance for FY26

The company reported revenue from operations of ₹3,599.44 lakh for the financial year ended March 31, 2026, an increase of 23.61% compared to ₹2,911.86 lakh in the previous year. Net profit stood at ₹798.58 lakh, a slight decline of 0.99% from ₹806.52 lakh in FY25. Earnings per share were ₹7.38, down from ₹7.46.

Dividend and Tax Implications

The final dividend, if approved, will be paid within 30 days of the AGM. Resident shareholders may face tax deduction at source (TDS) of 10% or 20%, depending on PAN validity and Aadhaar linkage. Non-resident shareholders are subject to TDS rates under applicable tax treaties.